Slate Retail REIT Completes Acquisition of Wellington Park

TORONTO, Sept. 10, 2014 /CNW/ - Slate Retail REIT ("Slate Retail" the "REIT") (TSX: SRT.U / SRT.UN) today announced that it has successfully completed the previously announced acquisition of a grocery-anchored shopping center located in Cary, North Carolina (Raleigh-Cary MSA).

Wellington Park was acquired for U.S.$15,500,000 (U.S.$151 per square foot). The 102,487 square foot property is 91% occupied and anchored by Lowes Foods.

About Slate Retail REIT
Slate Retail REIT is an open-ended real estate investment trust focused on U.S. grocery-anchored real estate. The REIT's portfolio includes over 30 properties located primarily across the top 50 U.S. metro markets. The REIT is focused on maximizing value through internal organic rental growth and strategic acquisitions. For more information, please visit www.slateretailreit.com.

SOURCE: Slate Retail REIT

Blair Welch
Chief Executive Officer
416 644 4267

Brady Welch
Chief Financial Officer
416 644 4263